GAZ-SYSTEM S.A. and Polskie Gornictwo Naftowe i Gazownictwo SA would like to state that consumers in Poland are receiving natural gas in line with their needs. The decrease of natural gas pressure in deliveries from Belarus through cross-border point in Vysokoye was noticed in the afternoon hours on June 23^rd 2010. After 5 p.m. local time the pressure returned to the usual level. As a result, the amount of natural gas delivered via Vysokoye  cross-border point will reach the level stated in the contract within the next twenty four hours.  

On June 17th in Warsaw, another three companies: Fortum Power and Heat Polska, Lotos, and Polskie Sieci Elektroenergetyczne Operator signed a Declaration on Sustainable Development in the Polish Power Sector during the Responsible Energy conference organised by Polskie Górnictwo Naftowe i Gazownictwo SA and PricewaterhouseCoopers, a consultancy firm.  

On June 16th 2010, Grupa LOTOS S.A. and Polskie Górnictwo Naftowe i Gazownictwo entered into an agreement on supply of natural gas to the Gdańsk refinery. Its estimated value over the period of five years amounts to more than PLN 2.2bn.

EUROGAS General Assembly in Warsaw, 11 June 2010 hosted by the Polish Oil and Gas Company elects Mr. Jean-François Cirelli, Vice Chairman and President of GDF SUEZ, as President of EUROGAS

During General Assembly of the European Gas Industry Union Eurogas, held in Warsaw, Mr. Sławomir Hinc, PGNiG's FCO was elected to the Eurogas Governing Board.

On June 10th 2010 Polskie Górnictwo Naftowe i Gazownictwo executed an agreement with six banks (Pekao SA, ING Bank Śląski SA, PKO BP SA, Bank Handlowy w Warszawie SA, Societe Generale SA and BNP Paribas SA, Polish Branch) concerning a bond issue programme with a value of up to PLN 3 billion ("the Programme").

PGNiG Norway AS (a wholly-owned subsidiary of PGNiG) and its license partners have discovered new gas deposits on the Norwegian Continental Shelf. The size of the Snadd North deposit is estimated at  9-16bn cubic metres of natural gas. Its development is expected to start as early as in 2011.  

The above decision has been made in connection with certain strategic projects pursued by PGNiG SA, which need to be completed by 2015 and which require substantial capital expenditure. Top priorities include the completion of the projects involving construction of new and expansion of the existing underground gas storage facilities, as well as the construction of the LMG natural gas and crude oil mine. In addition to their vital role in ensuring a much needed improvement of Poland's energy security, the projects are also bound to significantly enhance the Company's value.  

On May 17, 2010, the President of the Energy Regulatory Office approved the new Tariff for supply of gas fuels. The Tariff will be effective from June 1, 2010 to November 30, 2010. Under the new Tariff, the price of high-methane gas will increase on average by approximately 4.8%. In other words, gas monthly bills paid by those households which use the fuel for cooking purposes will rise on average by PLN 0.71.

In Q1 2010, the PGNiG Group posted a net profit of PLN 988m, while in Q1 2009 the Group recorded a PLN 399m loss. Sales revenue reached over PLN 6.6bn, having grown by 4% year on year.